TRGP
Targa Resources Corp. · Energy · Oil & Gas Midstream
Last
$280.29
+$2.13 (+0.77%) 4:00 PM ET
After hours $280.27 −$0.02 (−0.01%) 2:03 AM ET
Prev close $278.16
Open $278.27
Day high $282.50
Day low $277.97
Volume 1,113,219
Avg vol 1,235,131
Mkt cap
$59.71B
P/E ratio
28.63
FY Revenue
$16.56B
EPS
9.79
Gross Margin
41.77%
Sector
Energy
AI report sections
TRGP
Targa Resources Corp.
TRGP’s share price is near the upper end of its 52-week range with strong 6–12 month price performance and price holding above key moving averages. Fundamentals show solid profitability and high return on equity but are tempered by modest revenue contraction, thin free cash flow, and elevated leverage. Valuation multiples appear rich relative to cash generation, while short interest is moderate and recent news tone has been broadly positive.
AI summarized at 2:03 AM ET, 2026-06-09
AI summary scores
INTRADAY: 52 SWING: 68 LONG: 59
Volume vs average
Intraday (cumulative)
+28% (Above avg)
Vol/Avg: 1.28×
RSI
58.46 (Neutral)
Neutral (40–60)
MACD momentum
Intraday
-0.34 (Weak)
MACD: -0.43 Signal: -0.08
Short-Term
+1.11 (Strong)
MACD: 3.93 Signal: 2.82
Long-Term
+0.67 (Strong)
MACD: 7.09 Signal: 6.42
Intraday trend score 60.62

Latest news

TRGP 12 articles Positive: 10 Neutral: 2 Negative: 0
Positive GlobeNewswire Inc. • Na
Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2026 Earnings Webcast

Targa Resources Corp. declared a quarterly cash dividend of $1.25 per common share ($5.00 annualized) for Q2 2026, payable August 14, 2026. The company will report Q2 2026 financial results on August 6, 2026, followed by an earnings webcast at 11:00 a.m. ET.

TRGP dividend announcement quarterly earnings midstream services natural gas NGLs infrastructure earnings webcast
Sentiment note

The company is maintaining a consistent quarterly dividend of $1.25 per share ($5.00 annualized), demonstrating financial stability and shareholder-friendly capital allocation. The announcement of record Q1 2026 results and increased 2026 financial outlook (referenced in the second article excerpt) further supports positive sentiment regarding the company's operational and financial performance.

Positive The Motley Fool • Brendan Coffey
FLEX LNG vs. Targa Resources: Which Midstream Energy Stock Is a Better Buy in 2026?

The article compares two natural gas companies: FLEX LNG, a pure-play LNG shipping company with 13 modern carriers, and Targa Resources, a large U.S. midstream infrastructure operator. While FLEX LNG has lower valuation metrics and higher net margins, Targa Resources is recommended as the better buy for 2026 due to expected 18% revenue growth, strong positioning in major shale basins, and current market tailwinds from geopolitical disruptions. FLEX LNG faces headwinds from oversupply in the LNG tanker market.

FLNG TRGP EPD natural gas LNG shipping midstream infrastructure Permian Basin liquefied natural gas
Sentiment note

Recommended as the better buy with strong fundamentals including expected 18% revenue growth to $20B+ in 2026, improved net income of $2.58B, dominant position in Permian Basin, and current market tailwinds from geopolitical disruptions. The company benefits from opening two new processing hubs and is well-positioned to capitalize on current energy market conditions.

Positive Benzinga • Na
Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2026 Earnings Webcast

Targa Resources Corp. announced a 25% increase to its quarterly common dividend to $1.25 per share ($5.00 annualized) for Q1 2026. The company will report its first quarter 2026 financial results on May 7, 2026, followed by a live webcast at 11:00 a.m. ET to discuss results.

TRGP dividend increase quarterly dividend earnings webcast midstream services infrastructure natural gas NGLs
Sentiment note

The company declared a significant 25% increase to its quarterly dividend, demonstrating confidence in financial performance and cash generation. This dividend increase is consistent with previously disclosed expectations and indicates strong operational performance and shareholder returns.

Positive GlobeNewswire Inc. • Na
Targa Resources Corp. Declares Increase to Quarterly Common Dividend and Announces Timing of First Quarter 2026 Earnings Webcast

Targa Resources Corp. announced a 25% increase to its quarterly common dividend to $1.25 per share ($5.00 annualized) for Q1 2026. The company will report Q1 2026 financial results on May 7, 2026, followed by a webcast at 11:00 a.m. ET to discuss results.

TRGP dividend increase quarterly dividend earnings webcast midstream services infrastructure shareholder returns
Sentiment note

The company announced a significant 25% increase to its quarterly dividend, demonstrating confidence in financial performance and commitment to shareholder returns. This is consistent with previously disclosed expectations and indicates strong operational and financial health.

Positive Benzinga • Na
Battalion Oil Expands Monument Draw Position With Strategic Acquisition from Sundown

Battalion Oil Corporation announced an all-stock acquisition of 7,090 net acres in Ward County, Texas from RoadRunner Resource Holding LLC (formerly Sundown Energy LP) for 485,000 shares. The acquisition adds contiguous acreage to Battalion's Monument Draw position, expected to provide 30 high-quality drilling locations and immediate production from an existing well valued at approximately $700,000. The deal leverages Battalion's prior operational experience on the acreage and benefits from the company's recent sour gas treating agreement with Targa Resources.

BATL TRGP oil and gas acquisition Monument Draw Ward County Texas Wolfcamp formation all-stock transaction drilling inventory
Sentiment note

Targa Resources benefits from the acid gas treating agreement with Battalion, which secures future sour gas treatment capacity utilization from the newly acquired acreage development.

Positive GlobeNewswire Inc. • Na
Targa Resources Corp. Announces Form 10-K Available

Targa Resources Corp. (NYSE: TRGP) has filed its Form 10-K for the year ended December 31, 2025, and reported record fourth quarter and full year 2025 financial results. The company, a leading midstream services provider and one of North America's largest independent infrastructure companies, has provided an outlook for record 2026 performance.

TRGP Form 10-K filing record financial results midstream services infrastructure natural gas NGLs 2026 outlook
Sentiment note

The company reported record fourth quarter and full year 2025 financial results with a positive outlook for record 2026 performance. The company is described as a leading midstream provider and FORTUNE 500 company included in the S&P 500, indicating strong market position and operational success.

Neutral The Motley Fool • Courtney Carlsen
My 1 Favorite Income Stock to Buy Right Now in the Energy Sector

Energy Transfer (ET), a master limited partnership and pipeline operator, is highlighted as a top dividend income stock with a 7.5% yield. The company has secured major long-term contracts with hyperscalers like Oracle and Meta to supply natural gas for AI data centers, with over 6 billion cubic feet per day of new capacity contracted at an average life of 18 years, projected to generate $25 billion in future revenue. Management is also considering converting an existing NGL pipeline to natural gas service to capitalize on surging AI data center demand.

ET ETPI ORCL META energy sector dividend yield pipeline operator natural gas
Sentiment note

Mentioned as a competitor in the NGL pipeline space with increasing capacity, creating competitive pressure on NGL fees, but no direct investment recommendation provided.

Positive GlobeNewswire Inc. • Na
Targa Resources Corp. Announces Quarterly Dividend and Timing of Fourth Quarter 2025 Earnings Webcast

Targa Resources Corp. announced a quarterly dividend of $1.00 per common share for Q4 2025, payable February 13, 2026. The company intends to increase its Q1 2026 dividend to $1.25 per share ($5.00 annualized). Fourth quarter 2025 earnings will be reported on February 19, 2026, with a webcast at 10:00 a.m. Central Time.

TRGP quarterly dividend dividend increase earnings webcast midstream services infrastructure natural gas NGLs
Sentiment note

The company announced a significant dividend increase from $4.00 to $5.00 annualized per share for Q1 2026, demonstrating confidence in cash generation and shareholder returns. This 25% increase signals strong financial performance and positive outlook for the business.

Neutral GlobeNewswire Inc. • Targa Resources Corp.
Targa Resources Corp. Prices $1.75 Billion Offering of Senior Notes

Targa Resources Corp. announced a public offering of $750 million in 4.350% Senior Notes due 2029 and $1.0 billion in 5.400% Senior Notes due 2036, with proceeds to be used for debt redemption and general corporate purposes.

TRGP senior notes public offering debt refinancing midstream services
Sentiment note

The company is executing a standard debt refinancing strategy, issuing new notes at lower interest rates to replace existing higher-interest debt, which suggests prudent financial management without significant positive or negative implications

Positive Benzinga • Globe Newswire
Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2025 Earnings Webcast

Targa Resources Corp. declared a quarterly cash dividend of $1.00 per common share for Q3 2025, payable on November 17, 2025. The company will host an earnings webcast on November 5, 2025, to discuss its third quarter financial results.

TRGP dividend earnings midstream services infrastructure
Sentiment note

The company announced a consistent quarterly dividend, plans a transparent earnings webcast, and highlighted its strong market position as a FORTUNE 500 and S&P 500 company in midstream services

Positive GlobeNewswire Inc. • Matt Meloy (Ceo)
Targa Resources Corp. Announces Permian Growth Projects and an Expansion of its Permian to Mont Belvieu NGL Pipeline Transportation System

Targa Resources is expanding its Permian Basin infrastructure with a new 500-mile NGL pipeline (Speedway) and a 275 MMcf/d gas processing plant (Yeti), investing approximately $3.3 billion in growth capital expenditures to support increasing natural gas and NGL production.

TRGP Permian Basin NGL pipeline infrastructure gas processing midstream services
Sentiment note

The company is making significant infrastructure investments, expanding capacity, and showing strong volume growth projections in the Permian Basin, indicating strategic expansion and confidence in future market demand

Positive Benzinga • Globe Newswire
Targa Resources Corp. Announces Quarterly Common Dividend and Timing of Second Quarter 2025 Earnings Webcast

Targa Resources Corp. declared a quarterly cash dividend of $1.00 per common share for Q2 2025, payable on August 15, 2025. The company will host an earnings webcast on August 7, 2025 to discuss its financial results.

TRGP dividend earnings midstream services infrastructure
Sentiment note

Company announced a consistent quarterly dividend, scheduled an earnings webcast, and highlighted its strong market position as a FORTUNE 500 and S&P 500 company in midstream infrastructure services

News and sentiment labels describe article tone and are provided for research purposes only. They are not trading recommendations or forecasts.
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